Advisor certs linked to higher income, AUM; UBS fights $95M arb decision; the key to happy clients; patching cybersecurity weak spots

PROFESSIONAL DEVELOPMENT: Earn your certification, earn more money? A recent study from the Investments & Wealth Institute indicates that advisors with advanced professional designations out-earn their noncertified colleagues. 

READ: Advisors with CIMA, CPWA and RMA marks have more income and AUM

REGULATION AND COMPLIANCE: It may be a hail mary attempt, but UBS is fighting FINRA on an arbitration panel’s $95.3 million decision against it, claiming the panel ignored federal and state laws regarding damages. Check out the details on the case, which involved a broker with a Tesla shorting strategy.

READ: UBS takes long shot to reduce 'grossly excessive' $95M FINRA award

PRACTICE AND CLIENT MANAGEMENT: Client preferences on communication and advice varies significantly across age, gender and race breakdowns; understanding and adapting to different demographics is crucial for advisors who want to build stronger relationships and grow their practice, a new TIAA Institute/ MIT AgeLab study shows.

READ: Do clients trust you? Depends on who they — and you — are

TECHNOLOGY: Can you guess the weak point in firms’ cybersecurity and anti-scamming protocols? (Here’s a hint…look in a mirror.) Be sure to check out expert advice on how to better protect against cyber breaches. 

READ: This is the biggest cybersecurity vulnerability firms face

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